Explain some risks to the revenue and collection cycle that are the result of improper revenue collection.© BrainMass Inc. brainmass.com September 24, 2018, 5:36 pm ad1c9bdddf - https://brainmass.com/business/accounting/risks-to-the-revenue-and-collection-cycle-565209
When improper revenue amounts are reported as income, the risks are that
1. Revenue is overstated (or even understated) and usually the result of a timing issue or cut-off problem.
2. Revenue ...
The solution provides a listing of seven types of problems or risks when revenue is improperly reported.